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Post by rugbylad on Jan 7, 2015 9:59:12 GMT
I notice that some loans are funding with few, or no questions being answered... is this to be the new trend like FC ?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Jan 7, 2015 10:19:52 GMT
I've just started dipping a toe into this particular pond. Are there any specific "issues" I should look out for? What is the default rate/recovery situation like? How does it compare with F***ing Crapiness?
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Post by rugbylad on Jan 7, 2015 10:31:00 GMT
I invest in nd introduce to both companies. ReBS is certainly moving forward and improving all the time, there are the odd IT issue (see other topics in this forum) and there have been some loans turn sour or had late payments, but overall as they grow they seem to be doing a better job !
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jonno
Member of DD Central
nil satis nisi optimum
Posts: 2,745
Likes: 3,138
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Post by jonno on Jan 7, 2015 10:53:06 GMT
I invest in nd introduce to both companies. ReBS is certainly moving forward and improving all the time, there are the odd IT issue (see other topics in this forum) and there have been some loans turn sour or had late payments, but overall as they grow they seem to be doing a better job ! Thank you for the prompt reply. I see what you mean about IT, I've only been looking at it for a couple of days and already encountered the types of problems referred to elsewhere. I'll stick with it though and see how it goes.
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ianb
Posts: 161
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Post by ianb on Jan 7, 2015 14:32:29 GMT
I notice that some loans are funding with few, or no questions being answered... is this to be the new trend like FC ? Hope not but I noticed the same on one specific loan - personally I wouldn't touch it with a bargepole. Generally though the amount of Q&A which lets you get real close to the borrower plus the longer auction times are things I like about Rebs. Still, its a free world, and if investors wish to throw money around without doing much due diligence theres nothing to stop them.
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Post by rugbylad on Jan 8, 2015 12:28:44 GMT
I notice that some loans are funding with few, or no questions being answered... is this to be the new trend like FC ? Hope not but I noticed the same on one specific loan - personally I wouldn't touch it with a bargepole. Generally though the amount of Q&A which lets you get real close to the borrower plus the longer auction times are things I like about Rebs. Still, its a free world, and if investors wish to throw money around without doing much due diligence theres nothing to stop them. Looks like it may backfire... although suspect a lot of the smaller bids were automated !
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